Practice Areas - Corporate and M&A Law Firms and Lawyers
Deal Date: | 06-08-2013 | Practice Area: | Corporate and M&A |
Deal Title: | Platinum Equity Advisors acquisition of Embedded Computing & Power | Industry: | Technology Hardware & Equipment |
Description: |
Simpson Thacher is representing Emerson Electric Co. (NYSE: EMR) in connection with the sale of a majority interest in its Embedded Computing & Power business to an affiliate of Platinum Equity Advisors, LLC. Under the terms of the transaction, Emerson will receive aggregate consideration of approximately USD300 million and retain a 49% equity stake in the business. The transaction is subject to regulatory approvals and other customary conditions to closing.
The Simpson Thacher team includes: Mario Ponce, Anthony Vernace, Lauren Colasacco and Michael Guo (M&A); Brian Robbins, Paul Koppel and Sophia Karas (Executive Compensation and Employee Benefits); Rob Holo and Adam Wells (Tax); Lori Lesser, Genevieve Dorment and Samantha Himelman (Intellectual Property); Peter Thomas, David Vann, David Shogren and Jonathan Ripa (Antitrust); Cheryl Scarboro, Abram Ellis and Karen Gift (Regulatory); Brian Steinhardt (Credit); Adeeb Fadil and Noreen Lavan (Environmental); and Krista McManus and Heesun Kang (Real Estate).
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Financial Center: | New York | Value: | 100.01-500.00 |
Advised Party: | Vendor | Law Firm | Simpson Thacher |
Target Company Jurisdiction | United States | Acquiror Jurisdiction | United States |
Classification: |
Financial Buyer Acquisitions Primary Buy-Out |
Lawyer | Mario A Ponce |